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Most of ex-CEO's shares in SMRT forfeited

GoldenDragon

Alfrescian (Inf)
Asset
SPHSPH3718e.jpg


Super close resemblance. They are brothers or what?
 

kt88_2

Alfrescian
Loyal
should charge her n get every single cent paid to her for the pass years,she destroyed tge whole mrt system.i took train from woodlands to yshun,tell u i can even walk faster than mrt.but she us a friend of famillee,so no problem ,can suck money n go.she even got bungalow n ferrari,a cheat from penang
 

halsey02

Alfrescian (Inf)
Asset
should charge her n get every single cent paid to her for the pass years,she destroyed tge whole mrt system.i took train from woodlands to yshun,tell u i can even walk faster than mrt.but she us a friend of famillee,so no problem ,can suck money n go.she even got bungalow n ferrari,a cheat from penang

From Yishun to Yio Chi Kang Station...you are traveling at the same speed as the snail crawling outside...due to the age of the tracks & the increased in timing & passenger load...they have to travel slow...
 

watchman8

Alfrescian
Loyal
From Yishun to Yio Chi Kang Station...you are traveling at the same speed as the snail crawling outside...due to the age of the tracks & the increased in timing & passenger load...they have to travel slow...
The real cause is due to neglect in preventive maintenance and heavier than planned usage resulting in premature failures. Both saw and LHL have to take the blame equally. LHL is to be blamed because he allowed in too many new immigrants in such a short time that the infrastructure is unable to cope.
 

enterprise2

Alfrescian
Loyal
The real cause is due to neglect in preventive maintenance and heavier than planned usage resulting in premature failures. Both saw and LHL have to take the blame equally. LHL is to be blamed because he allowed in too many new immigrants in such a short time that the infrastructure is unable to cope.

Transport Ministar got to take the rap...Raymond Lim....since it happened during his watch.
 

winnipegjets

Alfrescian (Inf)
Asset
Sorry...the civil serpents get 'rotated' to other Gahment Linked Companies and continue to draw their million $ salaries.

Even if they don't get another job, they are still living the good life with million-dollar pension. Each of these clowns cost us taxpayers $100 million!
 

wendychan

Alfrescian (InfP)
Generous Asset
http://singaporedesk.blogspot.sg/2013/07/laughing-all-way-to-bank.html


Laughing All The Way To The Bank

According to the SMRT Annual Report of FY2012, ex-CEO Saw Phaik Hwa collected $700,000 in Basic Salary, $1,053,000 in Variable or Performance related bonuses plus $60,000 worth of benefits for a total remuneration of $1.813 million. Then there's this extra thingy called "EVA Bonus Bank Balance" of $1,115,000.

The small print explains:
"This amount is her EVA bonus bank balance payable following her resignation (on 6 January 2012, but remained as Advisor up to April 2012 at undisclosed compensation terms). It is made up of $123,000 from FY2012 EVA and $602,000 from her cumulative EVA bank balance from prior years, both payable in FY2013. The remaining $390,000 will be paid to her in 2014. These payments are in accordance with the rules governing the EVA Based Incentive Plan."

No wonder she couldn't give a damn when her 100,000 PSP and 100,000 RSP shares were forfeited. The SMRT Corporation Restricted Share Plan (RSP) and SMRT Corporation Performance Share Plan (PSP) are incentives schemes that give out fully-paid ordinary SMRT shares and are vested based on three year performance periods. For instance the SMRT PSP grant dated 30 March 2012 covers the performance period 1 April 2011 to 31 March 2014. Presumably, you have to be performing for those years to qualify.

Meanwhile we are told SMRT's new CEO Desmond Quek pocketed $611,000 for the six-month period after taking over from interim CEO Tan Ek Kia in October last year. There's no breakdown about basic pay and bonuses, but you can be sure he's on track (pun intended) to millionaire status by year end. And we are still no wiser why there are cracks in rails and stalled trains cannot be pushed to the next station.

Posted by Tattler at 3:45 PM
 

enterprise2

Alfrescian
Loyal
The CEO always have a safety net...no matter whether they meet their KPIs or not. It's always the little people that suffers always!!
 

Capano2121

Alfrescian
Loyal
In Sillypore, top civil servant seldom got terminated. They will be asked to resign or retire to save face.

Or they "REGRET" what they have done, "TOO ASHAMED" and suicide was the only recourse for their "MISTAKE"! Tay Cheang Wan is one & only good example!
 

escher

Alfrescian (Inf)
Asset
All those forfeited shares will be channeled to newly appointed ex-generals for their job well done.

SMRT chief executive, Mr Desmond Kuek assessed SMRT to have at least a B-rating compared to other metro systems, in terms of benchmarks such as reliability, capacity and maintenance.


HA HA HA HA

Only Stinkapore will use their own running dogs to assess their own running doggie with all kinds of fucking rubbish benchmarks

lies and lies and lies and lies.

I give them a D rating compared to other metro systems
 

Unrepented

Alfrescian
Loyal
Joined in Dec 2002, resigned in Jan 2012.

Don't tell us forfeited "BIG" chunk of shares lah.:kma:

Just tell us how much shares were awarded and exercised during the period of incubation for future FUCKUPs. And how much money to rectify and prevent the FUCKUPs.
 

soIsee

Alfrescian
Loyal
The real cause is due to neglect in preventive maintenance and heavier than planned usage resulting in premature failures. Both saw and LHL have to take the blame equally. LHL is to be blamed because he allowed in too many new immigrants in such a short time that the infrastructure is unable to cope.

Yalah yalah blame LHL for everything lah .

Also blame his tyrant of a father for allowing such a worthless son to take his place lah.

After you have done with your blaming, remember you still need to go search for those missing BALLS of yours ! LoL
 
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